eKarla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of Prepare general journal entries to record these transactions using the following titles: Cash $(101)$; Accounts Receivable $(106)$; Office

Supplies $(124)$; Prepaid Insurance $(128)$; Prepaid Rent $(131)$; Office Equipment $(163)$; Accounts Payable $(201)$; Common Stock $(307)$;

Dividends $(319)$; Services Revenue $(403)$; and Utilities Expense $(690).$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$.....$

$12$

Tanner invested $$120,000$ cash along with office equipment valued at $$28,800$

in the company in exchange for common stock.

Note: Enter debits before credits.$\backslash$table$[[$LINKWORKS$,],[$Aprial Balance,$],[,,$Debit$]]$

operations.

April $1$ Tanner invested $$120,000$ cash along with office equipment valued at $$28,800$ in the company in exchange for common

stock.

April $2$ The company prepaid $$7,200$ cash for $12$ months$$ rent for office space. Hint: Debit Prepaid Rent for $$7,200.$

April $3$ The company made credit purchases for $$14,400$ in office equipment and $$2,880$ in office supplies. Payment is due

within $10$ days.

April $6$ The company completed services for a client and immediately received $$2,000$ cash.

April $9$ The company completed a $$9,600$ project for a client, who must pay within $30$ days.

April $13$ The company paid $$17,280$ cash to settle the account payable created on April $3.$

April $19$ The company paid $$6,000$ cash for the premium on a $12-$month prepaid insurance policy. Hint: Debit Prepaid Insurance

for $$6,000.$

April $22$ The company received $$7,680$ cash as partial payment for the work completed on April $9.$

April $25$ The company completed work for another client for $$2,640$ on credit.

April $28$ The company paid a $$6,200$ cash dividend.

April $29$ The company purchased $$960$ of additional office supplies on credit.

April $30$ The company paid $$700$ cash for this month's utility bill.

Required:

Prepare general journal entries to record these transactions using the following titles: Cash $(101)$; Accounts Receivable $(106)$;

Office Supplies $(124)$; Prepaid Insurance $(128)$; Prepaid Rent $(131)$; Office Equipment $(163)$; Accounts Payable $(201)$; Common

Stock $(307)$; Dividends $(319)$; Services Revenue $(403)$; and Utilities Expense $(690).$

Post the journal entries from part $1$ to the ledger accounts.

Prepare a trial balance as of April $30.$